- Vridhi Home Finance, a housing finance company, has raised Rs 150 crore in a Series A round led by Elevation Capital.
- The funds will be used for geo-expansion in North Karnataka and Andhra Pradesh, strengthening the tech stack, hiring, and building a liability franchise.
- Vridhi aims to provide secured housing loans to salaried and self-employed individuals in tier II and III cities in India.
- The company focuses on loans with an average ticket size of Rs 6-8 lakhs, making it accessible to individuals who previously faced challenges in accessing formal credit.
- Vridhi operates in Karnataka and Andhra Pradesh with a network of twenty branches in these regions.